US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveries

AI Summary

The US has sanctioned several Chinese and Hong Kong shipping companies involved in transporting Iranian oil to China and the UAE, targeting Iran's sanctions-evading shadow fleet alongside its naval blockade. This move extends Washington's economic campaign against Tehran and affects international maritime oil transport regulations.

The United States on Wednesday sanctioned a group of mainland Chinese and Hong Kong shipping companies accused of operating vessels that transported Iranian oil to China, extending Washington’s economic campaign against Tehran alongside its naval blockade. The US State Department said eight companies were designated for operating vessels that moved Iranian crude oil and petrochemical products to China and the United Arab Emirates as part of Iran’s sanctions-evading “shadow fleet”. Six of the...